I applied for a home loan in feb-2012 and I paid pre-emi for 4 months [till may-2012] and I paid full EMI till dec-2012 after which I pre-closed the home loan account [by actually selling the property]. Can I mention the principal repaid / interest paid on home loan / income/loss from house property, when I submit my tax proofs for this financial year?
I e-filed my 2009/10 (Assessment year 2010/11) tax return (ITR-1)on 18 April 2011. There is no balance due or refund on the return and my salary income was well below than 1,60,000. I just wanted to learn how to file a tax return so that I could do it myself for 2011/12 assessment year tax return. Please advice if I would be liable to any late filing penalty?
How much does the CA or tax consultant charge for a single person(salaried employee)
I filed IT returns online.But after filing i found that i need to pay some more tax?Can I file returns again after paying extra tax?Should it be revised or original? if its revised, i need to provide receipt number. but i have only acknowledgement number. Will there be any problem if file IT returns as original after rectifying the errors.
The question is for salaried people in India who pay income tax by deduction at source by the employer.The issue is interest on fixed deposits in banks need to be included in the income from capital gains.The specific question is how does one arrange to have supporting documents for interst received.
This is the first time I am going to fill the income tax return for me.Company has provided me with the Form 16 for the Financial year 2008-2009,but I don’t know how to use the values in Form 16 to fill them in ITR1.Can anybody please help me?
I could not file my income tax within the last date (31st July). What if I file now? I heard that the last date is generally extended every year, lol, first simply extended and then extended with fine. Please tell me do I have to pay any fine now?
In one case, self assessment tax was paid and ITR-1 form filled up and submitted electronically on 31st July, 2012. Later it was realized that some amount was forgotten while calculating income tax and extra self assessment tax is yet to be paid. Can this be done now? In this case, if the dept accepts the revised return. should the person send two ITR-V forms (the first one, though incorrect, should carry signature to validate the submission and the final one also for the same reason)? Thanks for suggestions.
I am resident individual having income from pension and interest.
During last financial year I earned some gain from selling my vacant plot of land. How to calculate the tax on this gain? Also, which form is to be used to show capital gain for filing Income tax? Please advise.
I worked in US during summer 2007 for 3 months. But, now I am back to India. So, what is the process to file tax return in US?